Mill Rate
A mill rate (or millage rate) is a tax rate used to calculate local property taxes based on a property's assessed value. It represents the amount of tax owed. $1 for each $1,000 of assessed value. The term "mill" is derived from the Latin word millesimum, meaning "thousandth part".
To calculate the property tax, multiply the assessment of the property by the mill rate and divide by 1,000. For example, a property with an assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year.
- 2024 Real Estate and Personal Property mill rate is 35.69
- 2024 Motor Vehicle mill rate is 32.46